Gender Pension Gap
The UK Government recently published statistics showing a 35% gender pension gap in private pensions, and recent research by the TUC suggests that more than one in 10 women are in jobs where their employers did not have to enter them into a workplace pension compared with fewer than one in 20 men.
According to calculations from the Prospect Union, the income gap between men and women in retirement is therefore now 40.5%, which is more than twice the level of the gender pay gap.
The Minister responding to my question said she understood the point. It’s action we need to resolve this for women. Understanding won’t pay the bills.